Short Interest in Société Générale Société anonyme (OTCMKTS:SCGLY) Rises By 25.7%

Société Générale Société anonyme (OTCMKTS:SCGLY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 265,800 shares, a growth of 25.7% from the September 30th total of 211,400 shares. Based on an average trading volume of 553,000 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of Société Générale Société anonyme to a “hold” rating in a research report on Monday, August 5th.

Société Générale Société anonyme Stock Performance

SCGLY stock traded down $0.02 during midday trading on Wednesday, reaching $5.21. 551,428 shares of the company’s stock traded hands, compared to its average volume of 392,162. Société Générale Société anonyme has a 52 week low of $4.30 and a 52 week high of $6.11. The company has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $5.16. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.39 and a current ratio of 1.36. The firm has a market capitalization of $20.85 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.12 and a beta of 1.44.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $7.20 billion for the quarter. Société Générale Société anonyme had a return on equity of 3.31% and a net margin of 9.04%. As a group, equities analysts anticipate that Société Générale Société anonyme will post 0.9 EPS for the current year.

About Société Générale Société anonyme

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.